What happens when you become Bankrupt?
- In the long term - All your
debts are written off, leaving you debt free usually within 12 months
- The short term - Stops Debt
and bill collectors harassing you for money
- Your Job- Most of those with livelihoods
would not be affected by being protected by Bankruptcy, unless your hold any government positions. It is always best to consult a professional bankruptcy advisor over this.
Bankruptcy - Become totally debt free in 12 months!
Using the Governments new legislation!
Bankruptcy is fast becoming a real solution to many thousands of ordinary people facing serious consumer debt problems in the UK today. Many people who have no or very little disposable income to pay to creditors are turning towards Bankruptcy to become totally debt free usually within 12 months.
Let us see if you qualify for Bankruptcy and ultimately write off your debt completely. Usually we would say that Bankruptcy is for the “cant pays”, even if you can afford to pay a small amount in relation to your overall debt.
Take the Bankruptcy Test to see if you qualify Today!
The Steps to Bankruptcy
Step One
We conduct an assessment with you over the telephone once you have filled out the Bankruptcy Test online application
Step Two
If we still feel that it is the right choice for you to make we'll send out our Bankruptcy pack for you to complete, giving us full information of who your debts are with and details of exactly what your income and expenditure details are. This can then be sent back to our Bankruptcy department so that they can write to your credit companies informing them of your wishes to go Bankrupt.
Step Three
We will then complete your Bankruptcy application form with you and send it to you to sign off. This can then form part of your application to your local County court. An application will be made to the County court for your Bankruptcy to be dealt with by the court and you will then be declared Bankrupt.
Step Four
After you are made Bankrupt by your local County court you will have to see your local Official receiver. They will have the task of ascertaining if you have any monies to pay in your Bankruptcy Order, They will be looking to see if you have any assets in Bankruptcy, such as your property, that can be sold to raise money towards paying your creditors. If you have a monthly disposable income after taking into account your essential living costs for you and your family you could be asked to pay a monthly income payments order also.
What is the charge for Bankruptcy help?
The advice involved determining whether Bankruptcy is the right choice for your particular debt problem is totally free, however if after speaking to one of our advisers you feel that Bankruptcy is the right choice for your particular circumstances, we shall advise you of the costs that are involved with going Bankrupt. Depending on your financial circumstances the costs levied by the County courts are different, but we can discuss this with you.
How do I start my Bankruptcy Application?
Simply complete the online form with your basic contact details and then you can discuss your situation with one of our Bankruptcy experts.
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